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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. What does Lewis Identify as the two emotions that commonly destroy traders?
(a) Fear and greed.
(b) Drive and determination.
(c) Apathy and sadness.
(d) Self-loathing and listlessness.

2. Where is the author living in 1984?
(a) New York.
(b) Omaha.
(c) London.
(d) Paris.

3. What is the name stockbrokers give to the day in 1976 when fixed stock brokerage commissions ended?
(a) A green Christmas.
(b) Blue Monday.
(c) Mayday.
(d) Black Friday.

4. The senior mortgage traders maintain that their abuse of trainees leads to _____.
(a) Enlightenment.
(b) Lawsuits.
(c) Better workers.
(d) More money.

5. Which subway line drops off hoards of people to their Wall Street jobs?
(a) Lexington Avenue.
(b) Bedford Park.
(c) Morris Heights.
(d) Belmont.

6. In the bond market, unlike the stock market, ______ are not openly stated.
(a) Share quantities.
(b) Interest rates.
(c) Commissions.
(d) Taxes.

7. What is the nickname for the Government National Mortgage Association?
(a) Ginnie Mae.
(b) Fanny Mae.
(c) Freddie Mac.
(d) Johnny Mac.

8. What does Lewis see as John Gutfreund's "calling card" as he makes his rounds in the trading floor?
(a) A hand-written note.
(b) A slap on the back.
(c) Coffee grounds.
(d) Cigar ash.

9. Rich Shuster is a thrift salesman in which Salomon Brothers office before coming to work for Ranieri?
(a) Atlanta.
(b) London.
(c) Dallas.
(d) Chicago.

10. As Lewis observes people in his firm, he finds that just as some people are mean drunks, mortgage traders are mean _____.
(a) Gluttons.
(b) Teachers.
(c) Parents.
(d) Dogs.

11. William Simon becomes the secretary of the U.S. Treasury under which president?
(a) Gerald Ford.
(b) Jimmy Carter.
(c) Richard Nixon.
(d) Lyndon Johnson.

12. The author thinks that all money men either have ______ hair or are bald.
(a) Red.
(b) Receding.
(c) Blond.
(d) Dark.

13. What is another name for an analyst in the corporate finance department at Salomon Brothers?
(a) An ant.
(b) A grunt.
(c) A driver.
(d) A slug.

14. One of the major incentives that legislators create to encourage the borrowing of money is the _____ of mortgage payments.
(a) Tax deductibility.
(b) Price reduction.
(c) Investment advantage.
(d) Variability.

15. What is it called when an interviewer asks an applicant to open a high-rise window that can't be opened in a job interview?
(a) Exit analysis.
(b) Hazing.
(c) Trapped rat syndrome.
(d) The stress interview.

Short Answer Questions

1. According to the author, what is Gutfreund's only noticeable affectation when he comes to speak to the trainees?

2. For a great player of Liar's Poker, ______ is the easy part of the game.

3. According to the book, investment banking candidates are expected to be _______.

4. Lewis observes that the cruelty that traders bestow on everyone in their wake is _____.

5. A challenge in Liar's Poker is like saying _______.

(see the answer keys)

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